18 May New Era Announces 1Q 2021 Development Activity, Launch of $25m NEMI Fund IV
New Era Companies, LLC today announced the opening of 2 healthcare assets in Louisiana and Indiana, and the commencement and development of a new Inpatient Rehabilitation Hospital in Overland Park, KS. In addition, New Era Companies, LLC successfully launched its recent healthcare real estate equity fund, $25m NEMI Fund IV, LLC on May 6, 2021.
The launch of NEMI Fund IV, LLC is a continuation and response to the company’s most recent healthcare real estate equity fund, NEMI Fund III, LLC which launched in July 2020. NEMI Fund III, LLC successfully raised $25m in equity to support the strategic growth of New Era’s medical developments. It should be noted, during the height of the COVID-19 pandemic.
New Era Companies, LLC is also pleased to update the ongoing construction of 2 Inpatient Rehabilitation Hospitals (IRF’s) in Shreveport, LA and Milwaukee, WI. These 2 facilities are scheduled to be completed by end of 2021. These 2 facilities are under development in partnership with WB Development and will be managed and operated by Nobis Rehabilitation Partners. These IRF’s are part of a multi-year strategic growth plan to deliver rehabilitation services to a growing population and markets that need additional rehabilitation services.